Screen NHBNOL - New Hampshire Net Operating Loss (1040)

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Overview

Use this screen to complete Form DP-132. Data will proforma from the prior year. Unused net operating losses won't proforma after the 10-year carryforward period.

Net Operating Loss Deduction

Use the fields in this section to report the NOL information for the last ten years. Use the Net Operating Loss Deduction section of this input screen located in the Business General folder for Form NH-1040 being filed by the taxpayer for a non-LLC business. Use the section of this input screen located in the Limited Liability folder for a specific LLC business.
A separate Form DP-131-A is required for each year an NOL was originally created and it will be created based on the first three columns. Only those years that still have NOL available to use will be printed to be filed with the return. Amounts entered on this screen from Form DP-131-A will be used to complete the DP-132.
Total Original NOL
Enter the original loss from Form NH-1040. For years 2009 through 2010, this is line 6 of Form NH-1040. For 2011, this is line 3 adjusted by line 4 of Form NH-1040. For 2012 and forward, this is the amount from Form NH-1040 line 5. Enter the loss as a positive number.
DP-80 Apportionment
Enter the DP-80 apportionment percentage from the year the NOL was created. This percentage is applied to the total original net operating loss to obtain the loss available for carryforward. This loss is applied prior to the DP-80 apportionment. The percentages should be entered to six decimal places.
NOL Available for
In the NOL Available for column, enter the NOL available for . This should be the total operating NOL times the apportionment percentage.
NOL Used in Prior Years
Enter the NOL used in prior years which is the total of column C and D from the Form DP-132.

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